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Senegal wants to maintain a debt moratorium until 2021

28/09/2020
Source : Africanews
Categories: Economy/Forex

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At the annual United Nations gathering in New York, African nations called for exceptional fiscal measures to help economies survive the coronavirus pandemic.

The past week could be decisive for the economic future of African nations. Several leaders of the continent took advantage of the 75th session of the United Nations General Assembly to make their voices heard by asking for exceptional fiscal measures in this period of the coronavirus pandemic, namely aid of 100 billion dollars per year during for the next three years

Amadou Ba, Senegalese Minister for Foreign Affairs: "I take advantage of this platform to salute the efforts made by the members of the G20, the World Bank and the International Monetary Fund in favor of the debt service suspension initiative. J urges the African Union to pursue the steps towards our partners with a view to extending this moratorium until 2021."

Other voices such as those of the President of Niger, Issoufou Mahamadou or the President of Côte d'Ivoire, Alasanne Ouattara have risen to demand the pure and simple cancellation of the debt of African countries which would thus free up resources to fight against coronavirus and other deadly diseases.

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